Top News
Boynton Beach, Fla., Apartment Property Sold for $92.68Mln
South Florida Business Journal An affiliate of Walton Street Capital has bought the Cortina Apartments, a 324-unit property in Boynton Beach, Fla., for $92.68 million, or about $286,049/unit. The Chicago private-equity manager bought the complex, which sits on 10 acres...
2.4Mln-SF Life-Sciences Complex Planned for Philadelphia
Philadelphia Business Journal A venture of Centerbridge Partners and Plymouth Group plans on constructing the Budd Campus, a 2.4 million-square-foot life-sciences complex in Philadelphia. The property will offer a mix of laboratory and manufacturing space. The 25-acre development site sits...
Skanska Plans Multifamily Property for Washington, D.C.
Washington Business Journal Skanska has filed plans to build a multifamily property with up to 275 units at 44 M St. NE in Washington, D.C. The Swedish developer previously had proposed a 233,000-square-foot office building for the site, which is...
Owners of CMBS Collateral Properties Alleged to Have Committed Fraud in Getting Loan
Two executives of the entity that owns a dozen medical-office properties in New Jersey and Florida, whose $77.67 million of CMBS financing has been in special servicing for two full years, are alleged to have misrepresented the properties' financial condition...
Boca Raton, Fla., Office Building Trades for $44.6Mln
Grover Corlew has paid $44.6 million, or $407.32/sf, for the Bank of America Tower, a 109,497-square-foot office building in Boca Raton, Fla. The Boca Raton investment manager bought the property from Black Creek Diversified Property Fund, a Denver non-traded REIT...
Manhattan’s 817 Broadway Office Building Gets $125Mln of Financing
A venture of Taconic Partners and Nuveen Real Estate has secured $125 million of financing against the 140,000-square-foot office building at 817 Broadway in Manhattan. Apollo Commercial Real Estate Finance Inc. provided a $90 million mortgage, while Criterion Real...
Scannell Properties Plans Large Industrial Project for Groveland, Fla.
Orlando Business Journal Scannell Properties has proposed building a 977,000-square-foot industrial project in Groveland, Fla., about 34 miles west of Orlando, Fla. The Indianapolis developer is planning the property for an 80-acre site at State Road 19 and O'Brien...
50-Acre Mixed-Use Development Proposed Near Austin, Texas
Austin Business Journal Athena Domain Inc. has filed plans to build the Berry Creek Crossing mixed-use development in Georgetown, Texas, about 30 miles north of Austin, Texas. The San Antonio developer is building the property on a 50-acre site...
Venture Proposes 320,000-SF Life-Sciences Property in Boston
Real Estate NJ A venture of Lendlease and Ivanhoe Cambridge has proposed building a 320,000-square-foot life-sciences property at 60 Guest St. in Boston. It acquired the development site earlier this year for $67 million from New Balance Athletics' real...
Venture Lines Up $51.5Mln Construction Loan for Burien, Wash., Apartment Project
A venture of Canyon Partners Real Estate and American Capital Group has received $51.5 million of financing for the construction of Kinect@Burien, a 230-unit apartment property in Burien, Wash. US Bank provided the loan. The property is being built between...
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Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
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